WGU D367 Innovation in Finance OA
Exam: Complete Q&A Bank (2026)
Exam Blueprint
D367 covers emerging financial technologies
disrupting lending, payments, wealth management,
financial planning, and insurance . Key topics
include:
- FinTech Disruption & History (2008 financial
crisis, IBM mainframes in the 1960s)
- Innovation Concepts (incubators, accelerators,
white-labeling, partnerships)
- Lending & Payments (P2P lending, point-of-sale
financing, digital wallets, microloans, online
lending)
- Wealth Management & Investing (robo-advisors,
social investing, crowdfunding, tokenization)
1
,- Technology Enablers (Blockchain, cryptocurrency,
APIs, biometric security, big data veracity)
- Regulation & Compliance (KYC, AML)
- Strategic Business Concepts (SWOT analysis, cost
of cannibalization, integrated strategy)
- Risk Management (strategic risks, operational
risks, risk exposure)
Question Bank
Section 1: FinTech Disruption & History (Q1-Q20)
Q1. What was the primary cause of the 2008
financial crisis?
A) The stock market crash of 2008
B) The housing bubble burst after loose lending
terms, leading to widespread mortgage defaults and
a collapse in mortgage-backed securities
2
,C) The failure of major technology companies
D) Government regulation of the banking industry
Answer: B
Rationale: The 2008 financial crisis was triggered by
the collapse of the housing bubble due to loose
lending standards and the subsequent default on
subprime mortgages .
Q2. How did the financial collapse in 2008 lead to
the emergence of fintechs?
A) The government mandated the creation of fintech
companies
B) The collapse wrecked the financial system, and
fintechs emerged as a transformation of financial
services
C) Fintechs were developed to replace the Federal
Reserve
D) Traditional banks invested heavily in fintech
startups
Answer: B
3
, Rationale: The 2008 financial crisis damaged trust in
traditional financial institutions and created a need
for innovation, paving the way for fintechs to disrupt
the industry .
Q3. What happened in the 1960s that transformed
the banking industry completely?
A) The invention of the credit card
B) The creation of the Federal Reserve
C) IBM mainframe computers were introduced,
leading to core banking solutions and credit card
processing systems
D) The development of the internet
Answer: C
Rationale: IBM mainframe computers introduced in
the 1960s revolutionized banking by enabling faster
transaction processing and credit card systems .
Q4. Which societal benefit has online microfinance
lending created?
4
Exam: Complete Q&A Bank (2026)
Exam Blueprint
D367 covers emerging financial technologies
disrupting lending, payments, wealth management,
financial planning, and insurance . Key topics
include:
- FinTech Disruption & History (2008 financial
crisis, IBM mainframes in the 1960s)
- Innovation Concepts (incubators, accelerators,
white-labeling, partnerships)
- Lending & Payments (P2P lending, point-of-sale
financing, digital wallets, microloans, online
lending)
- Wealth Management & Investing (robo-advisors,
social investing, crowdfunding, tokenization)
1
,- Technology Enablers (Blockchain, cryptocurrency,
APIs, biometric security, big data veracity)
- Regulation & Compliance (KYC, AML)
- Strategic Business Concepts (SWOT analysis, cost
of cannibalization, integrated strategy)
- Risk Management (strategic risks, operational
risks, risk exposure)
Question Bank
Section 1: FinTech Disruption & History (Q1-Q20)
Q1. What was the primary cause of the 2008
financial crisis?
A) The stock market crash of 2008
B) The housing bubble burst after loose lending
terms, leading to widespread mortgage defaults and
a collapse in mortgage-backed securities
2
,C) The failure of major technology companies
D) Government regulation of the banking industry
Answer: B
Rationale: The 2008 financial crisis was triggered by
the collapse of the housing bubble due to loose
lending standards and the subsequent default on
subprime mortgages .
Q2. How did the financial collapse in 2008 lead to
the emergence of fintechs?
A) The government mandated the creation of fintech
companies
B) The collapse wrecked the financial system, and
fintechs emerged as a transformation of financial
services
C) Fintechs were developed to replace the Federal
Reserve
D) Traditional banks invested heavily in fintech
startups
Answer: B
3
, Rationale: The 2008 financial crisis damaged trust in
traditional financial institutions and created a need
for innovation, paving the way for fintechs to disrupt
the industry .
Q3. What happened in the 1960s that transformed
the banking industry completely?
A) The invention of the credit card
B) The creation of the Federal Reserve
C) IBM mainframe computers were introduced,
leading to core banking solutions and credit card
processing systems
D) The development of the internet
Answer: C
Rationale: IBM mainframe computers introduced in
the 1960s revolutionized banking by enabling faster
transaction processing and credit card systems .
Q4. Which societal benefit has online microfinance
lending created?
4
